Jim Cramer: Buy Jack in the Box, Sell Lightinthebox, and These 2 Picks
Jim Cramer made the following calls on September 12th, 2013. What do you think about his picks?
Jack in the Box Inc. (NASDAQ:JACK): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on June 22, 2012. The stock’s 52-week high is $42.59, and its 52-week low is $24.71. Though it has been fluctuating for the past two months, Jack in the Box’s stock performed well in the time frame before that, and Cramer favorably compared the company to Lightinthebox Holding Co. The company is expected to move towards improving its stores with higher sales, perhaps a nod to Qdoba, the Mexican grill that Jack in the Box acquired in 2003.
Lightinthebox Holding Co. (NYSE:LITB): Jim Cramer ranked this stock a Sell. The stock’s 52-week high is $23.38, and its 52-week low is $9.51. Cramer was unenthusiastic about the global delivery service, advocating selling the stock. The company has been unable to recoup gains from a sharp decline that plagued the stock in mid-August, despite announcing last week that it had added three new languages to its services in an attempt to expand into southeast Asia.
Annaly Capital Management, Inc. (NYSE:NLY): Jim Cramer ranked this stock a Sell. Cramer previously ranked this stock a Sell on July 22, 2013. The stock’s 52-week high is $17.70, and its 52-week low is $10.63. Cramer expressed skepticism about the company, noting that he doesn’t know what they own, so it is a stock to avoid. Its market performance over the last six months has shown a steady downward trend, and, despite being a great dividend payer, many have shown concern about the mREIT’s performance as the stock slides to levels below those seen during the economic downturn.
TE Connectivity, Ltd. (NYSE:TEL): Jim Cramer ranked this stock a Buy. The stock’s 52-week high is $53.28, and its 52-week low is $31.74. After the buyout of Molex (NASDAQ:MOLX), the maker of connectors and sockets, Cramer turned to find other companies in the same industry that may be able to realize additional value if bought out. He landed on TE Connectivity, which features an attractive price and a sound business model, claiming that TE could jump by nearly 30 percent if the sector performs to his expectations.
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